This success is attributed to high production volumes and delivers
Scania Group net sales grew by 20 percent to SEK (Swedish Kroner) 55.1bn (US$ 5.028bn), according to a press statement.
Highlights are as follows:
- Adjusted operating income reached SEK 8.0bn billion and adjusted operating margin was 14.5 percent.
- Vehicle deliveries increased by 17 percent to 26,496 vehicles, whereof Zero Emission Vehicles (ZEV) amounted to 47 units.
- Cash flow amounted to SEK 7.1bn in Vehicles and Services.
- Order intake increased by 7 percent to 20,171 vehicles, whereof Zero Emission Vehicles amounted to 133 units.
Stable demand
The global truck demand remains stable, supported by sustained fleet utilisation and replacement needs. The rebound in Latin America, driven mainly by the strong development in Brazil’s agricultural and mining sectors, continues and more than offset the somewhat more normalised market demand in Europe.
Scania’s efforts to create a more resilient vehicle order-to-delivery flow resulted in increased volume, shorter lead times, and improved delivery precision. The increased volume and improved capacity utilisation positively impacted profitability.
“Scania achieved strong sales and its best-ever quarterly earnings. This success is attributed to high production volumes, with deliveries increasing by 17 percent compared to last year. Additionally, the rollout of our new fuel-efficient Scania Super has increased our market shares,” affirmed Christian Levin, President and CEO, Scania.
